February 4, 2005 - Vancouver, BC. Golden Arch Resources Ltd. (the ‘Company’) is pleased to announce that, pursuant to the Company’s news release of December 3, 2004, the private placement of 7,000,000 Units at $0.17 per Unit for total proceeds of $1,190,000 has closed. Each Unit consists of one common share and one half of one share purchase warrant, with each full warrant entitling the holder to purchase one additional common share at an exercise price of $0.25 for a period of two years. A finder’s fee is payable to Canaccord Capital Corporation on 1,000,000 Units, in the amount of 70,000 Units, 200,000 Agent’s Warrants, plus $2,000 administration fee. Each Agent’s Warrant is exercisable to purchase one common share at a price of $0.25 per share for two years. A finder’s fee of 300,000 common shares is payable on the remaining 6,000,000 Units, to an arm’s length party. Proceeds will be used for the development of the Company’s Mildred Peak project in Pima County, Arizona, and for corporate overhead.